Showing 1 - 10 of 2,357
much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the …
Persistent link: https://www.econbiz.de/10013305650
We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...
Persistent link: https://www.econbiz.de/10014243166
We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents’ siblings and cousins, their spouses, and...
Persistent link: https://www.econbiz.de/10012871027
This paper studies the properties of the optimal taxes on bequests when individuals differ in wage and in their risks of mortality and old-age dependance. Survival is positively correlated to income but dependency is negatively correlated with it. The government cannot distinguish between...
Persistent link: https://www.econbiz.de/10013234521
Labour income follows a deterministic growth trend and fluctuates between two values. Interest rates are drawn initially, fluctuate between two values and can differ in their arrival rates. Low interest rates imply a stationary long-run wealth distribution, high interest rates imply exploding...
Persistent link: https://www.econbiz.de/10012857913
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … inheritance taxation. The effect is almost uniform across socio-economic groups and survives a battery of robustness tests … inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies …
Persistent link: https://www.econbiz.de/10012892104
inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to … different consumption or labor supply responses but due to different rates of return on inherited wealth. Upon their receipt … in inequality could be due to either a com-pressed inheritance distribution or similar chances of having wealthy parents …
Persistent link: https://www.econbiz.de/10013232284
The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to an increase in future labor income tax revenue on top of direct bequest tax revenue. We first show in a theoretical model that a simple back-of-the-envelope calculation, based...
Persistent link: https://www.econbiz.de/10012892312
saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We …In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … countries for the period from 1996 to 2017. The empirical findings indicate that uncertainty decreases the fertility rate, as …
Persistent link: https://www.econbiz.de/10013231969
the period of turmoil. We highlight risk attitude as an important selection mechanism, beyond education and other … observable characteristics, which explains: (i) why some women did not alter their fertility decisions during these uncertain … economic times, (ii) that this risk preference was passed on to their children and (iii) that risk preference is correlated …
Persistent link: https://www.econbiz.de/10013292502